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Valuations of Target Firms: Four Widely Used Methods APV Approach in Detail Eg. Lbo Setting The Bid Price
Valuations of Target Firms: Four Widely Used Methods APV Approach in Detail Eg. Lbo Setting The Bid Price
Ke = Ko + ( Ko – Kd)*(D/E)*(1 – t)
4. The APV Model
Using debt increases firm’s value as interest payments
are tax deductible.